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Will the company allow you to make arrangements if you cannot pay. Keep your documentation. Many consumers said they started receiving calls from collections agencies years after they paid off a payday loan.
Some of these calls were simple errors; others were attempts by scammers to collect a debt that is not owed. Protect yourself by having documentation that all loans were paid in full. Know where to turn. If you feel a lender has committed fraud or taken advantage of you, file a complaint with BBB, the FTC and the Missouri or Illinois Attorney General, depending on www cash converters loans you live.
A BBB study of the payday loan industry found that Missouri laws were among the most favorable to the industry. The number of payday lending outlets in Missouri was second only to Tennessee.